The victory of Republican Party in the US presidential election has soared the defense stocks all around the world. The US firms - Northrop Grumman, Lockheed Martin and Raytheon have gained about 5
The US Navy has decided to suspend production of guided precision projectiles for the guns mounted on its newest Zumwalt-class warships, citing major cost overruns. Lockheed Martin-built Long Range Land-Attack Projectile (LRLAP), a guided precision munition that is key to the DDG 1000 Zumwalt-classs mission, costs $800,000 per round, as reported by
Raytheon is being awarded a $178 million contract for the procurement of multi-year fiscal 2016-2017 Evolved Seasparrow Missiles Block I production requirements. Under the terms of the modification, Raytheon Missile Systems will provide 186 all up rounds, inert operation missiles, spare components, shipping containers, and provide other production related support, US department of defense said in a statement Saturday
Raytheon has won more than $174.7 million contract for a research project under the Hypersonic Air-breathing Weapon Concept (HAWC) program
UKs Minister for Defence Procurement, Harriett Baldwin has announced £131.5 million support contract for RAFs Sentinel surveillance aircraft
Rheinmetall Defence has signed its first Global Supply Chain agreement to provide Australian companies greater access to international supply chains. “The Agreement will provide new commercial and defence opportunities in Rheinmetalls international supply chain, and assist in breaking down barriers that may otherwise deter local firms from doing business in overseas markets
Raytheon has won a $255 million contract from US Navy to complete development of its next generation precision landing system. The Joint Precision Approach and Landing System (JPALs) uses GPS satellite navigation to provide more accurate landing guidance for manned and unmanned aircraft
The US State Department has approved sale of radar field systems and related equipment, training and support to Kuwait for $194 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale Thursday
Raytheon is developing a new technology to provide comprehensive situational awareness to troops inside windowless armored vehicles. The development is part of Defense Advanced Research Projects Agency (DARPA)'s Ground X-Vehicle Technologies (GXV-T) program
Raytheon has won a Netherlands contract to upgrade its Patriot Integrated Air and Missile Defense system with the Modern Man Station user interface. “The Netherlands will continuously modernize Patriot as they intend to keep it in their inventory until at least 2040,” said Ralph Acaba, Raytheon vice president of Integrated Air and Missile Defense in a statement Thursday